by Molen & Associates | Aug 2, 2026 | Bookkeeping
A Houston contractor we work with hit $2.8 million in revenue last year and still couldn’t tell us, off the top of his head, whether his crews were profitable job by job. His books were clean. His bookkeeper reconciled every account on time. But clean books and...
by Molen & Associates | Jul 26, 2026 | Small Business
Paying your children to work in your business is a legitimate tax strategy — not a loophole, not a gray area. The IRS explicitly allows it, and when done correctly, it shifts money from a high tax bracket to a low one (or eliminates tax on it entirely), while teaching...
by Molen & Associates | Jul 24, 2026 | Individual Tax Preparation
The United States has a pay-as-you-go tax system. Employees handle this automatically through withholding. But if you’re self-employed, receive investment income, run a pass-through business, or have any income not subject to withholding, you’re...
by Molen & Associates | Jul 12, 2026 | Tax Planning
Every taxpayer has the right to arrange their affairs to pay as little tax as the law allows. That’s not a tax shelter — it’s a legal principle. But there’s a meaningful spectrum between “standard planning” and “will cost you...
by Molen & Associates | Jul 9, 2026 | Bookkeeping
Accounting method is one of those business decisions that feels technical and dry until you realize it can shift tens of thousands of dollars in taxable income between years — and that changing it after the fact requires IRS permission. For most small businesses, the...
